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The following fees and charges may apply to all business loans.

These should be read in conjunction with the fees and charges specified for the product in your agreement schedule.

Administration charges

Fee type Fee amount
Application Fee
Negotiated
Solicitor's Fee At cost to P&N Bank*
Valuation Fee First valuation is free, additional valuations at cost to P&N*
Production Fee for a Third Party to Produce a Document At cost to P&N Bank*
Bank Cheques At cost to P&N Bank*
Commercial Loan Administration Fee $75 per month
Annual Review Fee $250.00
Line Fee Negotiated
Title Consent Fee $105
Discharge of Mortgage Fee  
Without settlement (per document) $350.00
With settlement (per document) $395.00
Withdrawal of Caveat Fee  
Without settlement (per document) $55.00
With settlement (per document) $160.00

Construction loan charges

Fee type Fee amount
Construction Progress Payments
Charged per claim.
$150
Total Progress Payment Inspection Fees At cost to P&N Bank*

Variation of contract fees

Fee type Fee amount
Top Up Fee Negotiated
Partial Security Release Fee Negotiated

General fees

Fee type Fee amount
Over Limit Management Fee
Charged when an overdraft or line of credit account exceeds the approved limit by more than $50 during the month.
$10.00
Late Payment Notification Fee
Charged when a payment to a commercial loan becomes overdue by 11 days and 30 days.
$5.00
Management Administration Fee
Charged monthly when a payment to a commercial loan becomes overdue by more than 90 days.
$50.00
Collection Agent Administration Fee
Payable when a payment to a commercial loan becomes overdue for more than 90 days and we choose to engage an external collection agent.
$100.00

Other fees

Fee type Fee amount
Statement Retrieval Fee
Payable on request to issue a copy of a previously issued statement.
 
First page $6.00
Each subsequent page $1.50
External Dishonour Fee  
Direct debit $6.00
Manual trace $40.00
Electronic payment return $0.00

Government charges

State and Federal Governments apply various charges relating to the loan amount, Security, purchase of Property and Property Settlement, for example:

  • Stamp duty
  • Registration/discharge of Securities
  • Duty on duplicate documents
  • Searches of land titles

Where applicable these fees and charges are payable by yourself in addition to those shown above.

Further details of applicable government charges are available upon request at any P&N branch or from your Relationship Manager.

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Important information

P&N can change the standard fees and charges that apply to loan accounts from time to time. Please refer to the terms of your credit contract.

* At cost to P&N refers to costs incurred by P&N Bank resulting from the provision of a product or service requested by the member, which will be passed on to the member.